Middle East And North Africa Food and Drink Report - Business Monitor International - Industry Reports

Middle East And North Africa Food and Drink Report

Middle East And North Africa Food and Drink Report - Business Monitor International - Industry Reports
Middle East And North Africa Food and Drink Report
Published Oct 08, 2016
43 pages — Published Oct 08, 2016
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Abstract:

...Source: BMI We forecast non-alcoholic drinks sales will increase by -.- in ----, following a disappointing -.- in ----. ...Source: BMI We forecast non-alcoholic drinks sales will increase by -.- in ----, following a disappointing -.- in ----. The region will experience strong growth in non-alcoholic drinks sales, peaking at -.- in ----, while we forecast regional sales to stabilise towards the end of our forecast period growing by an average of -.- over ---- to ----. The region s mature hot drinks industry will drive strong growth in the coffee and tea category. ...BMI forecasts mineral water sales will grow by -.- , while carbonated soft drinks experience slightly slower growth of -.- through to ----. In early ----, the GCC markets announced plans to implement a tax on sugary drinks by ---- in an attempt to curb high obesity

...Food Sales --------- Food, sales, USDmn (LHS) Food, sales, USDmn, growth y-o-y (RHS) ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- ---,--- - - - - - -- f=BMI forecast. Source: BMI Our outlook for food spending across the MENA region is positive over our forecast period to ----, in light of a rapid recovery after a slowdown of -.- in ----. ...Our forecasts for Libya s food sales will be hampered by rising political unrest and growing terrorism risk, while Algeria is impacted more by dinar depreciation. We highlight Iran, Saudi Arabia and Egypt as the highest food spending economies, primarily owing to their large population sizes, while Qatar and Sudan will be the fastest growing markets with double-digit growth through to ----. BMI forecasts Qatar s food sales will grow by --.- and Sudan will reach a CAGR of --.- to ----. ...BMI forecasts Qatar s food sales will grow by --.- and Sudan will reach a CAGR of --.- to ----. We further note the Gulf Cooperation Council (GCC) region is one of the strongest global consumer markets on the back of a substantially large and growing wealthy consumer base, with average food sales growth rate of -.- over our forecast period.

...By ----, the highest spending in MENA will be on staple foods, as we forecast a --.- CAGR for bread, rice and cereals through to ----. This category makes up a significant portion of food consumption across the region, accounting for approximately --.- of total food sales. Meat and poultry account for about --.- of total food sales, making them the most consumed food category by the end of our forecast period. Spending on meat will consistently be the highest across all markets in the MENA region; as a result, we forecast growth to be modest at -.- owing to already high demand in the category. Lastly, the growing popularity of dairy consumption in the region will boost dairy sales to become the third highest consumed food category. ...

  
Source:
Document ID
2398-1105
Industry
Industry
Industry
Industry
Industry
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Middle East And North Africa Food and Drink Report" Oct 08, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Middle-East-And-North-Africa-Food-and-Drink-Report-2026-1998>
  
APA:
Business Monitor International - Industry Reports. (2016). Middle East And North Africa Food and Drink Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Middle-East-And-North-Africa-Food-and-Drink-Report-2026-1998>
  
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